Common use of OVERDRAFT PROTECTION PROGRAM Clause in Contracts

OVERDRAFT PROTECTION PROGRAM. To help pay your transactions when your account does not have enough available funds to pay item(s), you may enroll in FSB’s optional overdraft protection program. With this program, available funds are transferred or advanced to your checking or savings account (the “protected account”) from another FSB checking or savings account or USAA credit card (the “protecting account”) to help pay item(s) when your account does not have sufficient available funds. Your protecting account can provide overdraft protection for more than one protected account. Any account holder of both the protected and protecting account may enroll in the overdraft protection program without the consent of the other account holders. FSB reserves the right to exclude certain types of account ownership, including, but not limited to, trust, estate, guardianship, and Uniform Transfers to Minors Act (UTMA) accounts, from being enrolled in this program. If you have granted a power of attorney authorizing another person to transact on your account, that account is not eligible for this program.

OVERDRAFT PROTECTION PROGRAM. To help pay your transactions when your account does not have enough available funds to pay item(s), you may enroll in FSB’s optional overdraft protection program. With this program, available funds are transferred or advanced to your checking or savings account (the “protected account”) from another FSB checking or savings account or USAA credit card (the “protecting account”) to help pay item(s) when your account does not have sufficient sufficient available funds. Your protecting account can provide overdraft protection for more than one protected account. Any account holder of both the protected and protecting account may enroll in the overdraft protection program without the consent of the other account holders. FSB reserves the right to exclude certain types of account ownership, including, but not limited to, trust, estate, guardianship, and Uniform Transfers to Minors Act (UTMA) accounts, from being enrolled in this program. If you have granted a power of attorney authorizing another person to transact on your account, that account is not eligible for this program.